Industrial Safety Gloves Market worth $6.7bn by 2023; Fractovia

“U.S. and Canada industrial safety gloves industry share collected a revenue of more than USD 980 million in 2015 and is predicted to grow substantially over the coming six years. The attributing factors are rapid industrialization and growing consciousnes”

Industrial Safety Gloves Market, already a billion-dollar industry, is poised to witness a substantial growth over the coming years, driven by the growing concerns among industry participants to improve safety standards, especially across accident-prone sectors. According to Global Market Insights, Inc., “Worldwide industrial safety gloves market will exhibit an annual growth rate of 6.5% over 2016-2023.” Regions such as APAC, MEA, and North America are implementing stringent regulations regarding occupational safety & health hazards, taking into account the growing number of workplace fatalities. For instance, regulatory agencies such as OSHA, ASTM, and NFPA are mandating policies for companies to maintain workers’ safety in the risk-prone sectors, which will influence industrial safety gloves industry significantly.

Industrial safety gloves market is observing a rapid surge owing to its increasing applications across machinery, automotive, metal fabrication, oil & gas, construction, chemical, food processing, aviation, and healthcare sectors. Industrial safety gloves market in the automobile sector will register a CAGR of 7% over the coming six years, owing to the growing automobile industry across the regions such as Germany, UK, India, and China. Machinery applications are further anticipated to boost the growth of industrial safety gloves industry, driven by their use in equipment handling.

Industrial safety gloves are also being prominently used in food processing, semiconductor, aerospace, and pharmaceutical applications. Stringent norms imparted by FDA, to avoid contamination in food and beverage product due to personnel handling will boost the demand for industrial safety gloves market in food sector. Food processing application is predicted to grow at a CAGR of 7% over the coming period of 2016 to 2023. Furthermore, semiconductor applications, worth USD 320 million in 2015, will generate heavy revenue for industrial safety gloves industry over the coming years.

Vinyl, natural rubber, nitrile, polyethylene, and neoprene are some of the major materials used in industrial safety gloves market. Nitrile gloves industry is projected to grow at an annual growth rate of more than 8% over the coming period of 2016 to 2023, owing to its surging demand across medical and food service sectors. Natural rubber industrial safety gloves industry share surpassed USD 1.6 billion in 2015 and is estimated to grow noticeably over the coming timeline, due to its extensive application in a healthcare environment.

Industrial safety glovesproduct mainly comprises reusable & disposable gloves. Dipped, knitted, supported knitted are some of the reusable gloves along with cut, chemical, general purpose, and thin mill which covers the disposable gloves. Dipped gloves are majorly used for the application such as light assembly and maintenance work. The growing demand for dipped gloves across glass & oil refinery, solid waste management, pharmaceutical, food & beverage, and metal fabrication industries will stimulate industrial safety gloves industry size. The wide application of supported knitted gloves in timber handling, automotive, general purpose, construction, refuse collection, and warehousing industries will drive the industry growth over the coming years.

Cut industrial safety gloves market is anticipated to record a CAGR of 6.5% over the coming six years, owing to its growing usage across shipping, metal, construction, and glass industries mainly to protect arm & hand from cuts and abrasions.

Industrial Safety Gloves Regional Outlook:

Europe industrial safety gloves market dominated by Germany, UK, and France, will exhibit CAGR of 5.5% over the coming period of 2016 to 2023. The major driving factor is strict safety norms about industrial hazards.

Asia Pacific will exhibit considerable revenue growth over the coming years, owing to the stringent regulations regarding health & safety of workers across the countries such as China, India, Japan, and South Korea. Additionally, this region is slated to observe heavy demand for Industrial Protective Clothing Market over the coming timeframe.

U.S. and Canada industrial safety gloves industry share collected a revenue of more than USD 980 million in 2015 and is predicted to grow substantially over the coming six years. The attributing factors are rapid industrialization and growing consciousness about industrial accidents & safety norms.

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